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Wed, Nov 20, 2019 03:56
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Management Side
Sappi successfully concludes its acquisition of the Matane Mill in Quebec Canada from Rayonier Advanced Materials

JOHANNESBURG (News release) -- Sappi Limited announced that all conditions precedent relating to the acquisition of the Matane high yield hardwood pulp mill in Quebec Canada from Rayonier Advanced Materials (RYAM) have been fulfilled and closing has been completed.

The main benefits of the acquisition include:

Increases Sappi's pulp integration for its fast-growing packaging businesses in both North America and Europe


Supports Sappi's 2020Vision to grow in higher margin growth segments


Reduces Sappi's cost of pulp


Reduces the volatility of earnings through the pulp cycle


Establishes certainty of supply for Sappi's increasing need for high yield pulp to support its recent investments


Will enable supply to be increased over time to Sappi's mills in North America and Europe as demand increases and capacity expands in certain growth businesses


Leverages Sappi's global pulp expertise to profitably sell market pulp to strategic customers and segments


Commenting on the transaction Steve Binnie, Chief Executive Officer of Sappi Limited, said: "I am very pleased that we have been able to finalise this acquisition so quickly. This acquisition will provide Sappi with both cost reductions and decreased volatility at a very competitive price per ton of pulp. The transaction strengthens Sappi's pulp integration, improves our profitability and is another significant milestone towards realizing our Vision2020 goal."

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Onlypulpandpaperjobs.com has taken off like a rocket! Over fifty jobs are posted, in many interesting categories. These jobs are in at least ten different US states. [12.19.19]

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Employers are on board with Onlypulpandpaperjobs.com. There are nearly forty employers located in fifteen different US states and six other countries. [12.19.19]


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